Industries

Paper Pallets Market Pegged for Robust Expansion During 2018-2028

Press Release

Global Paper Pallets Market: Introduction

Shipment and transportation of goods require the suitable solution to keep product stable during transit. Pallets are designed in such a way that they can protect the product from any damage, thus widely used as a packaging product to deliver goods. The pallets can be made from wood, plastics, metals, and paper. Earlier, plastic and metal pallets were widely used as packaging product for shipment. Nowadays, paper pallets can be the rationale for shifting from metal and wooden pallets. It is attributed to the fact that paper pallets are comparatively lightweight and provide recyclable alternatives to the conventional wooden and metal pallets. Also, the growth of paper pallets has become pronounced in the past few years, due to the substantial transformation of the manufacturers’ preference towards sustainable packaging products. The paper pallets are reusable so, they are restored back after use, instead of being dumped. These paper pallets are designed in a manner, that they can be used in multiple cycles. Furthermore, paper pallets are lightweight, compact and cost-effective. Thus these features are increasing its preference, over other pallets.

Global Paper Pallets Market: Dynamics

One of the trends observed in the paper pallets market is that paper pallet manufacturers are majorly focusing on concentrating on specific segments, rather than other declining segments. One of the benefits of using paper pallets is that it provides better cube efficiency because paper pallets can yield in better fill rates, mainly in trucks and ocean shipments. It is due to the lower profile of paper pallets than wooden or metal pallets, as they can easily be customized to entirely fit the unit load. This factor is expected to drive the global paper pallets market during the next decade.

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Global Paper Pallets Market: Segmentation

The global paper pallet market is segmented into the product type, pallet type, material type and end use.

On the basis of product type, paper pallets market is segmented into:

  • Reusable Paper Pallets
  • Non Reusable Paper Pallets

Paper pallets has high strength and bonding capacity. Therefore they are reused a number of times before they actually need recycling. Manufacturers majorly prefer reusable paper pallets rather than non-reusable, as it contributes towards the reduction of the landfilling issue.

On the basis of pallet type, paper pallets market is segmented into:

  • Open Paper Pallets
  • 2 Way and Multi Way Paper Pallets
  • Wing Paper Pallets
  • Reversible Paper Pallets
  • Honeycomb Paper Pallets

On the basis of pallet type, paper pallets market is segmented into:

  • Kraft Paper pallets
  • Corrugated & Cardboard paper pallets

On the basis of end use, paper pallets market is segmented into:

  • Food & Beverages Industry
  • Pharmaceuticals Industry
  • Cosmetics & Personal Care
  • Shipping & Logistics
  • Others

Global Paper Pallets Market: Key players

Some of the key players of global paper pallets market are Smurfit Kappa Group, Stora Enso, D.S Smith, Green Label Packaging, DNA Packaging Systems., Forward Pallet Pte Ltd, Kimmo (Pty) Ltd, Orion Pack Art., HPI Resources Berhad, Pallite Limited, Umiya Packers Private Limited, Shanghai Eltete Packaging Technology Co. Ltd, ImPakt Packaging, Lenzing Accessories (Pvt) Ltd, Yoj Pack Kraft and other paper pallets manufacturers.

Global Paper Pallets Market: Regional Overview

The global paper pallets market has been divided into seven key regions –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa (MEA)

The key manufacturers of paper pallets market in Europe and North America market are majorly focusing on consolidation activities. They are grouping to reduce the competition in the market. In the Asia Pacific region, there is the higher absorption of the paper pallets in China, albeit, there is low consumption of the other paper & paperboard products from past few years. There has been a change in the market dynamics. Earlier, developing countries imports paper pallets from the European region to produce packaging product. Nowadays, there is shift in balance of trade in the import of packaging products, as Asian companies are accomplishing the demand, in addition, they have the capacity to export.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint